Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices 87053 

Currency, et al., 78 FRD. 543, 544 (D.D.C. May 3, 

1978). See also 44 FR 63084, November 2, 1979. 2 12 CFR part 1003. 

3 12 U.S.C. 2801 et seq. 4 12 CFR 27.3(a)(1)(i). 

5 12 CFR 27.3(a)(5). 

6 12 CFR 27.3(a)(2). 

7The quarterly recordkeeping requirements under 

12 CFR 27.3(a) do not add any burden because they 

are duplicative of the recordkeeping requirements 

under 12 CFR 1003.4(f). See OMB control number 

1557–0345. 

national banks must record certain 

home loan data if they: (1) are otherwise 

required to maintain and report data 

pursuant to Regulation C,2 which 

implements the Home Mortgage 

Disclosure Act (HMDA),3 in which case 

they are HMDA reporters, or (2) receive 

more than 50 home loan applications 

annually. Specifically, national banks 

that are HMDA reporters meet the part 

27 requirement by recording HMDA 

data along with the reasons for denying 

any loan application on the HMDA Loan 

Application/Register (LAR).4 A national 

bank that is not a HMDA reporter but 

that receives more than 50 home loan 

applications annually must comply with 

part 27 by either: (1) recording and 

reporting HMDA data and denial 

reasons on the LAR as if they were a 

HMDA reporter,5 or (2) recording and 

maintaining part 27-specified activity 

data relating to aggregate numbers of 

certain types of loans by geography and 

action taken.6 Part 27 also requires that 

all national banks, including those not 

subject to the recording requirements, 

maintain certain application and loan 

information in loan files. Part 27 further 

provides that the OCC may require 

national banks to maintain and submit 

additional information if there is reason 

to believe that the bank engaged in 

discrimination. 

The requirements in part 27 are as 

follows: 

Section 27.3(a)(1) requires provision 

of the data that national banks are 

required to collect on home loans 

pursuant to Regulation C.7

Sections 27.3(a)(2) and (3) require 

national banks that receive more than 50 

applications but are not HMDA 

reporters to collect certain information 

quarterly. 

Section 27.3(a) also lists exceptions to 

the HMDA–LAR recordkeeping 

requirements. 

Section 27.3(b) lists the information 

national banks must attempt to obtain 

from an applicant as part of a home loan 

application and sets forth the 

information that banks must disclose to 

an applicant. 

Section 27.3(c) sets forth additional 

information national banks must 

maintain in each of their home loan 

files. 

Section 27.4 states that the OCC may 

require a national bank to maintain a 

Fair Housing Inquiry/Application Log 

found in Appendix III to part 27 

including if: (1) there is reason to 

believe that the bank is prescreening, or 

otherwise engaging in discriminatory 

practices on a prohibited basis, (2) 

complaints filed with the Comptroller or 

letters in the Community Reinvestment 

Act file are found to be substantive in 

nature, indicating that the bank’s home 

lending practices are, or may be, 

discriminatory, or (3) analysis of the 

data compiled by the bank under HMDA 

and Regulation C indicates a pattern of 

significant variation in the number of 

home loans between census tracts with 

similar incomes and home ownership 

levels differentiated only by race or 

national origin. 

Section 27.5 requires a national bank 

to maintain the information required by 

§ 27.3 for 25 months after the bank 

notifies the applicant of action taken on 

an application or after withdrawal of an 

application. 

Section 27.7 requires a national bank 

to submit to the OCC, upon request 

prior to a scheduled examination, the 

information required by §§ 27.3(a) and 

27.4. Non-HMDA reporters with more 

than 50 applications are required to 

submit this data using the Monthly 

Home Loan Activity Format form in 

Appendix I to part 27 and the Home 

Loan Data Submission Form in 

Appendix IV to part 27, except that 

there is an additional exclusion for 

national banks with fewer than 75 

applications. Specifically, § 27.7(c)(3) 

states that a bank with fewer than 75 

home loan applications in the preceding 

year is not required to submit such 

forms unless the home loan activity is 

concentrated in the few months 

preceding the request for data, 

indicating the likelihood of increased 

activity over the subsequent year, or 

there is cause to believe that a bank is 

not in compliance with the fair housing 

laws based on prior examinations and/ 

or complaints, among other factors. 

Section 27.7(d) provides that if there 

is cause to believe that a national bank 

is in noncompliance with fair housing 

laws, the Comptroller may require 

submission of additional Home Loan 

Data Submission Forms. The 

Comptroller may also require 

submission of the information 

maintained under § 27.3(a) and Home 

Loan Data Submission Forms at more 

frequent intervals than specified. 

Burden Estimates 

Estimated Number of Respondents: 

702. 

Estimated Total Annual Burden: 

12,632 hours. 

Estimated Frequency of Response: On 

occasion. 

Affected Public: Businesses or other 

for-profit. 

Comments submitted in response to 

this notice will be summarized and 

included in the request for OMB 

approval. All comments will become a 

matter of public record. Comments are 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’s 

estimate of the burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2023–27517 Filed 12–14–23; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Bank Secrecy Act Advisory Group; 

Solicitation of Application for 

Membership 

AGENCY: Financial Crimes Enforcement 

Network (‘‘FinCEN’’), Treasury. 

ACTION: Notice and request for 

nominations. 

SUMMARY: FinCEN is inviting the public 

to nominate financial institutions, trade 

groups, and non-federal regulators or 

law enforcement agencies for 

membership in the Bank Secrecy Act 

Advisory Group. New members will be 

selected for three-year membership 

terms. 

DATES: Nominations must be received 

by January 16, 2024. 

ADDRESSES: Nominations must be 

emailed to BSAAG@fincen.gov. 

FOR FURTHER INFORMATION CONTACT: 

FinCEN Regulatory Support Section at 

frc@fincen.gov. 

SUPPLEMENTARY INFORMATION: Section 

1564 of the Annunzio-Wylie AntiVerDate Sep<11>2014 17:57 Dec 14, 2023 Jkt 262001 PO 00000 Frm 00181 Fmt 4703 Sfmt 4703 E:\FR\FM\15DEN1.SGM 15DEN1

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87054 Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices 

1 ‘‘FinCEN Issues Final Rule for Beneficial 

Ownership Reporting to Support Law Enforcement 

Efforts, Counter Illicit Finance, and Increase 

Transparency’’. 87 FR 59498, September 30, 2022. 

2The AML Act was enacted as Division F, 

sections 6001–6511, of the William M. (Mac) 

Thornberry National Defense Authorization Act for 

Fiscal Year 2021, Public Law 116–283 (2021). The 

AML Act, among other provisions, mandated the 

creation of a BSAAG Subcommittee on Innovation 

and Technology (Section 6207) and a BSAG 

Subcommittee on Information Security and 

Confidentiality (Section 6302). 

Money Laundering (AML) Act of 1992 

required the Secretary of the Treasury to 

establish a Bank Secrecy Act Advisory 

Group (BSAAG) consisting of 

representatives from federal agencies, 

and other interested persons and 

financial institutions subject to the 

regulatory requirements of the Bank 

Secrecy Act, found at 31 CFR chapter X. 

The BSAAG is the means by which the 

Treasury receives advice on the 

reporting requirements of the Bank 

Secrecy Act, and informs private sector 

representatives on how the information 

they provide is used. As chair of the 

BSAAG, the Director of FinCEN is 

responsible for ensuring that relevant 

issues are placed before the BSAAG for 

review, analysis, and discussion. 

BSAAG membership is open to 

financial institutions, trade groups, and 

Federal and non-Federal regulators and 

law enforcement agencies that are 

located within the United States. In 

September of 2022, FinCEN published a 

final rule 1 establishing a beneficial 

ownership information reporting 

requirement, pursuant to the Corporate 

Transparency Act. The rule will require 

most corporations, limited liability 

companies, and other entities created or 

registered to do business in the United 

States to report information about their 

beneficial owners, the persons who 

ultimately own or control the company, 

to FinCEN. We invite firms, trade 

groups, and Federal and State 

governmental entities within the United 

States that are affected by and 

connected to compliance with the new 

rule to express interest in BSAAG 

membership, with a clear explanation 

on how their perspectives can enhance 

the broader BSAAG discussions. We 

also continue to welcome nominations 

from other eligible entities that can 

actively share their perspectives on a 

variety of Bank Secrecy Act 

requirements. 

Each member selected will serve a 

three-year term and must designate one 

individual to represent that member at 

plenary meetings. While BSAAG 

membership is granted to organizations, 

not to individuals, the designated 

representative for each selected 

organization should be knowledgeable 

about Bank Secrecy Act requirements 

and be willing and able to devote the 

necessary time and effort on behalf of 

the representative’s organization. 

Members are expected to actively share 

anecdotal perspectives, quantifiable 

insights on BSA requirements, and 

industry trends in BSAAG discussions. 

The organization’s representative must 

be able to attend biannual plenary 

meetings, generally held in Washington, 

DC, over one or two days, generally in 

May and October. Additional BSAAG 

meetings may be held by phone, 

videoconference, or in person, and the 

organization’s representative is expected 

to actively engage in the BSAAG’s work 

through participation in meetings of 

various BSAAG Subcommittees and/or 

working groups, including 

Subcommittees established pursuant to 

the Anti-Money Laundering Act of 2020 

(AML Act).2 Members will not be paid 

for their time, services, or travel. 

Nominations for individuals who are 

not representing an organization will 

not be considered, but organizations 

may nominate themselves. Please 

provide complete answers to the 

following items, as nominations will be 

evaluated based on the information 

provided in response to this notice and 

request for nominations. There is no 

required format; interested 

organizations may submit their 

nominations via email or email 

attachment. Nominations should consist 

of: 

• Name of the organization requesting 

membership 

• Point of contact, title, address, 

email address, and phone number 

• Description of the financial 

institution or trade group and its 

involvement with the Bank Secrecy Act 

and/or Corporate Transparency Act. 

• Reasons why the organization’s 

participation on the BSAAG will bring 

value to the group 

• Trade groups must submit a full list 

of their members along with their 

nomination. Trade groups must also 

confirm that, if selected, they will only 

share BSAAG information with their 

members that are located within the 

United States. 

In making the selections, FinCEN will 

seek to complement current BSAAG 

members and obtain comprehensive 

representation in terms of affiliation, 

industry, and geographic representation. 

The Director of FinCEN retains full 

discretion on all membership decisions. 

The Director may consider prior years’ 

applications when making selections 

and will not limit consideration to 

institutions nominated by the public 

when making selections. 

Andrea M. Gacki, 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2023–27620 Filed 12–14–23; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Actions 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of one or more persons that have been 

placed on OFAC’s Specially Designated 

Nationals and Blocked Persons List 

(SDN List) based on OFAC’s 

determination that one or more 

applicable legal criteria were satisfied. 

All property and interests in property 

subject to U.S. jurisdiction of these 

persons are blocked, and U.S. persons 

are generally prohibited from engaging 

in transactions with them. 

DATES: See Supplementary Information 

section for effective date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Bradley T. Smith, Director, tel.: 

202–622–2490; Associate Director for 

Global Targeting, tel.: 202–622–2420; 

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel.: 202–622–4855; 

or the Assistant Director for 

Compliance, tel.: 202–622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The SDN List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (https://www.treasury.gov/ofac). 

Notice of OFAC Actions 

On December 6, 2023, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked under the relevant sanctions 

authority listed below. 

Individuals 

1. ALEMAN MEZA, Oscar, Mexico; 

DOB 17 Apr 1962; POB Sinaloa, Mexico; 

nationality Mexico; Gender Male; 

C.U.R.P. AEMO620417HSLLZS07 

(Mexico) (individual) [ILLICIT–DRUGS– 

EO14059]. 

Designated pursuant to section 1(a)(i) 

of E.O. 14059 for having engaged in, or 


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